Security
LOGOMOTION PAY CARD has as a foundation the same security standards used by the payment industry for normal plastic payment cards. This includes the use of a PIN on the merchant’s keypad for larger purchase amounts.
A consumer quickly knows if he has lost his phone. A consumer may not realize that he is missing a payment card for several days.
As soon as the consumer reports that his phone is missing, his bank blocks his LOGOMOTION PAY CARD.
The consumer, in cooperation with his bank, can set payment limits such as when a PIN is required, the maximum amount for each purchase and the maximum amount in one day or week.
A waiter or shop assistant will not be able to see the consumer’s payment card details and then make an unauthorized purchase by telephone or internet.
A consumer with a smart phone can password protect the payment application in his phone and tie his LOGOMOTION PAY CARD to only his phone.
